House in Hyderabad

HOUSING MARKET OF HYDERABAD

Buying a house in Hyderabad might be in every resident’s wish list but it is one such decision that involves a lot of strategies and financial planning. As the city emerges out of the political influences, post-bifurcation, it is anticipated to be the most encouraging property markets of the country. Reasonable prices and buoyant commercial space activity has led to growth in realty chances of the city.

In comparison to other major cities, its property market has remained stable for years and is seen as an important realty destination in terms of affordable accommodations. The realty market which had been on a slow graph since the last few years is undergoing through a recovery phase at present. There is a preference for multi-story houses in different price categories depending on the budget requirements of the buyers. Many areas in the West zone namely Hitech City, Gachibowli, Kukatpally, Chandanagar, and Madhapur have witnessed a growing demand due to factors like excellent connectivity, proximity to the IT hub, good infrastructural facilities and availability of independent apartments in Hyderabad at reasonable price points. Since there is a prominent presence of migrant population, particularly the IT professionals, the rental market is also very prominent in the city. Due to its expected rise in job creation and office absorption, the supply of residential properties in Hyderabad in the near future will become a challenge.

Also, price appreciation has been moderate here. Hence the prospects of an improving environment make it a good mid-to-long term realty investment location. Like other cities, there is a multitude of residential projects that people desire to buy ranging from houses to independent houses to luxury houses in Hyderabad. Puppalaguda - Narsingi cluster is coming out to be one of the promising locations for residential investment. The top developers with a slew of residential projects are Lodha Group, Prestige Group, and many others.